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From a FINANCE perspective, do you believe/suspect you have COST LEAKAGE within your supply chain?
My area is supply chain, I am conducting research into Cost Leakage – costs that either should be lower or should not be there at all but just keep slipping under the radar. I am interested to know what FINANCIAL people believe/suspect are the cost leakage areas within their own supply chain; for example, this can be because of not following procedures, not reviewing procedures or even not reviewing proposed or current service costs adequately.I would also be interested to hear from those that actually did find a leakage; what the leakage was, if it was addressed and how. It would also be great if the Industry was also given to see if there is a link to any particular form of loss. I will also disseminate a summary to the participants directly, where possible, once I have formulated it into some kind of sensible (although desensitised) report. If you would like more confidentiality please send information direct to markoldfield@yahoo.com.au Thanks, any help and information is greatly appreciated.
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3 Answers
Rachel,
My name is Rozana and I came from a finance/economics background academically and hands on experience in the real market. You will always have COST LEAKAGE within your supply managment. That's where the fine ideas of the great analysts and great engeeniers come to convert COST into LEVERAGE MARGIN PROFIT. This is why the finance field is developing in a science anyomere in today's market. In a recession stage, a company has to survive bt breaking even before it will make a profit, so the fine work of the professionals in the finance industry is fixing those COST LEAKAGES taking place in multimillion projects to gain the profit, as a consiquence the real GDP (Gross Domestic Profit)
Rachel,
My name is Rozana and I come from a finance/economics background academically and hands on experience in the real market. You will always have COST LEAKAGE within the supply managment. That's where the fine ideas of the great analysts and great engeeniers come, to convert COST into LEVERAGE MARGIN PROFIT. This is why the finance field is developing in a science anymore in today's market. In a recession stage like today, a company has to survive by breaking even, before it will even make a profit, so the fine work of the professionals in the finance industry is fixing those COST LEAKAGES which take place in multimillion projects to gain the profit, as a consequence the real GDP (Gross Domestic Profit).
Bill,
It is great that you are at the point of incorporating your business. Now things can be a bit different from Sole Proprietorship. From the Finance/Economics prospective with an edge of the GAAP Principles in Accounting, I advise certain rules of thumb,which are:
If you decide to go Partnership(two or more partners)type, you pay taxes on personal rate (Form 1065 via Form 1040 Schedule K-1), If you go LLC type, taxes will be paid by the individual shareholders on personal rate. So, is the S-Corp type(combination of partnership & corporation, which allows up to 75 share-holders).while, LLC type corporation has no limit on the number of share-holders.
Remember, it all depends on how much risk you will take and be financially liable for, and how much a Hedge Firm/Investor/ or Commercial Bank will grant you when they underwrite your Sole Proprietorship Assets.
From, an underwriting/financial risk management institution prospective, which I have done for so many years, I would analyze your gained capital throughout the years of your business and I would make sure business is solvent which means it has to prove to me that it is financially sound and has had a consistent positive capital gain throughout the years of you owning the business; I examine carefully the depreciation of Intangible and Tangible Assets(goodwill, trade marks, copyrights, patents, real estate taxes, ), Amortization, Casualty Losses, etc. before I make a decision and advise my lending institution that we have a low risk financial dealer to expand your business.
This is just the beginning and it is probably the best stage, when you decided to go incorporated because you get to talk to great experts and shop for the most successful business advise of your company.
Keep me posted. I would not hesitate to give any advice to your company, so it can have a long life entity.
Regards,
Rozana K. Reffit
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